Chukyo Electronics announced that the company recently received the “Approval of Huizhou Zhongjing Electronic Technology Co., Ltd. to Register Issuance of Shares to Specific Targets” from the China Securities Regulatory Commission, agreeing to the company's registration application to issue shares to specific targets. The issuance shall be carried out in strict accordance with the application documents submitted to the Shenzhen Stock Exchange and the issuance plan. The approval is valid for 12 months from the date of approval for registration.

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